Inside Job - What A Surprise (925 Views)
Posted by:
Catalin (IP Logged)
Date: October 31, 2002 05:00PM
FYI
NEW YORK, Oct 31 (Reuters) - Scientific Games Corp. (NasdaqNM:SGMS - News), a leading maker and operator of horserace betting equipment, on Thursday said it had uncovered potential evidence of wrongdoing by an employee in connection with a suspicious large winning bet on the Breeders' Cup race last weekend.
The company said it had terminated an employee as a result and has turned over its findings to the New York State Racing and Wagering Board and the New York State Police.
The state board has been investigating a "Pick 6" wager on last Saturday's Breeders' Cup race after it was learned that all six winning tickets were bought by the same person through a New York OTB telephone betting system in the Catskill Mountain region. The six winning tickets were valued at more than $2.5 million.
Shares of Scientific Games, based in New York, were halted on Nasdaq shortly after issuing its statement. The stock had been down 65 cents, or nearly 8 percent, at $7.54 before trading was stopped.
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